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WSJ's Jon Hilsenrath reports on an inflation tug-of-war in the U.S. Consumers are paying more for goods, but less for services.

This transcript has been automatically generated and may not be 100% accurate.

Gou ... inflation concerns euro U S there is some sign it ... rising services though a little bit more muted and that explains ... the discrepancy in a lot of confusion as tunnels enough points out ... in a store and Wall Street Journal he joins us now ... it got I guess the question is how concerned are we happy should people be here in us about inflation ... here we have to be paying very close attention to murder when comparing work with the economic and in the months ahead ... well the point I'm trying to make is inflation been holding your differed correction in the same time right now ... there is inflation in the goods sector particularly in ... nondurable goods ... crude and gasoline in it were to be seeing more of it in apparel ... this tradable globally tradable ... commodity ... but if you look at the services sector my favorite indicator of the cost of a haircut ... there's a lot with a lot of downward pressure there is so much slack in the economy itself ... we've tended to have people taking one side or the other of the argument and it's actually a much more complicated environment than that ... we're seeing is going to get your interaction ... into question Tuesday when the war service ... a story this morning Ashley off so far only in Cincinnati ... what he had to tell you ... well you know we've talked a barbers and we often think that the barbers engine in China undercut all the local competition and twenty thousand to talk to a lot of funeral directors I guess I've got a morbid sense of how to do its job but ... I found them the funeral directors to be really interesting is what they're saying is ... the cost of the merchandise that they sell ... earned in caskets ... is going through the roof ... and they're trying to hold down the cost of the services that the charges are ... from people who come to them ... they are seeing first hand if you do if your directional well above inflation AiDi's described this as the U S bargaining position in the world receding to have to pay prices for goods being driven by growth in other nations and pass them onto more beleaguered of the year ... Grunt work it's important remember telling that two-thirds of the spending that American consumers do is on services help ... when it's hard to believe that were not that exposed to the global economy ... we see it in gasoline and crude ... but that isn't a big part of what we spend either in our day-to-day life even though we think that it is ... so that I think that the downward pull of services is actually a big part of the story in the public the whole ... it's good to keep inflation from running away from us and what would I don't have a very much ... the condo is not the answer to catch the unease as the US is affected by